Tag Fed

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Gold Closes $5.7 Higher on Weaker U.S. Dollar

Gold futures closed higher on Monday (May 23) as the dollar’s depreciation boosted gold buying. Investors are looking ahead to the minutes of the Federal Reserve’s (Fed) May meeting, which will be released on Wednesday. The gold futures were up…

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Dollar Stronger, Inflation Fears Spur Buying

The U.S. dollar gained against a basket of major currencies on Friday (May 20) as investors bought the greenback as a safe haven amid concerns about the impact of rising inflation. The dollar index, against the six major currencies in…

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Gold Closed with a Plus and Approaching $1850 Again

Gold futures closed higher on Friday (May 20) as investors bought gold as a safe haven. Meanwhile, U.S. equity markets remain weak amid inflation fears and rising interest rates. The gold contract was up $0.9, or 0.05%, at $1,842.1 per…

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Gold Rises Slightly After Dollar Weaken

Gold futures closed higher on Monday (May 16) as the depreciation of the dollar caused gold futures to rise slightly. Weak U.S. economic data also supported the gold price. The gold futures were up $5.8, or 0.32%, to close at…

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Gold Closed on Thursday $29 Lower

Gold futures closed lower on Thursday (May 12) as markets were pressured by the dollar’s appreciation and fears that the U.S. Federal Reserve (Fed) will accelerate interest rates to curb inflation. The gold futures fell $29.1, or 1.57%, at $1,824.6…

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Gold Drops to Three-Month Low

Gold futures fell to a three-month low on Tuesday (May 10) as markets came under pressure from the dollar’s appreciation. This was compounded by fears that the U.S. Federal Reserve (Fed) will accelerate interest rate hikes. The gold contract was…

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